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Economy of Algeria vs Thailand compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $527B for Thailand, ranking 51/197 and 31/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Algeria vs Thailand GDP by year

Algeria
Thailand
1x
Year GDP, current $
Algeria Thailand
2024 $269,322,281,665 $526,517,658,842
2023 $247,923,887,215 $515,906,283,941
2022 $225,581,644,703 $495,644,697,588
2021 $186,231,205,262 $506,194,668,790
2020 $164,873,415,325 $500,461,898,480
2019 $193,459,662,091 $543,976,691,794
2018 $194,554,483,656 $506,754,208,404
2017 $189,880,896,903 $456,356,813,537
2016 $180,763,839,522 $413,366,349,748
2015 $187,493,855,609 $401,296,238,228
2014 $238,942,664,193 $407,339,040,198
2013 $229,701,430,292 $420,333,654,593
2012 $227,143,746,076 $397,558,325,279
2011 $218,331,946,925 $370,818,739,624
2010 $177,785,053,940 $341,104,766,329
2009 $150,317,292,079 $281,710,630,187
2008 $180,383,848,331 $291,382,982,431
2007 $142,482,739,810 $262,942,621,455
2006 $123,084,258,693 $221,758,296,022
2005 $107,046,618,670 $189,318,408,469
2004 $91,913,680,985 $172,895,685,155
2003 $73,482,264,191 $152,280,615,246
2002 $61,516,103,406 $134,300,904,400
2001 $59,413,400,924 $120,296,476,180
2000 $54,790,398,570 $126,392,224,254
1999 $48,640,671,735 $126,669,211,779
1998 $48,187,781,984 $113,675,596,788
1997 $48,177,612,042 $150,180,456,566
1996 $46,941,554,225 $183,035,237,429
1995 $41,764,291,672 $169,278,916,593
1994 $42,543,176,829 $146,683,778,959
1993 $49,945,584,453 $128,889,262,951
1992 $48,003,133,347 $111,452,746,518
1991 $45,715,676,428 $98,234,714,971
1990 $62,048,507,531 $85,343,190,719
1989 $55,634,721,573 $72,250,748,100
1988 $59,089,396,860 $61,667,253,471
1987 $66,745,818,375 $50,535,446,555
1986 $63,692,007,897 $43,096,773,981
1985 $57,937,868,670 $38,900,711,333
1984 $53,698,548,293 $41,797,647,776
1983 $48,801,369,800 $40,042,798,388
1982 $45,207,167,470 $36,589,772,404
1981 $44,348,590,461 $34,846,039,194
1980 $42,345,829,079 $32,353,514,989
1979 $33,243,706,860 $27,371,650,825
1978 $26,364,491,313 $24,006,566,637
1977 $20,972,113,685 $19,779,312,261
1976 $17,728,240,932 $16,985,208,648
1975 $15,557,902,754 $14,882,770,594
1974 $13,209,871,626 $13,702,998,512
1973 $8,707,858,912 $10,838,587,358
1972 $6,766,743,957 $8,177,873,151
1971 $5,077,183,094 $7,375,000,024
1970 $4,863,526,897 $7,086,538,438
1969 $4,257,253,264 $6,695,336,567
1968 $3,852,147,027 $6,081,009,428
1967 $3,370,870,376 $5,638,461,442
1966 $3,039,859,187 $5,279,230,817
1965 $3,136,284,307 $4,388,937,649
1964 $2,909,316,435 $3,889,129,942
1963 $2,702,982,018 $3,540,403,457
1962 $2,001,444,544 $3,308,912,797
1961 $2,434,747,056 $3,034,037,811
1960 $2,723,615,451 $2,760,750,861

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/thailand | CC BY

GDP per capita in Algeria vs Thailand by year

Algeria
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $7,347 $24,712
2023 $5,370 $16,824 $7,195 $23,519
2022 $4,960 $15,836 $6,909 $22,243
2021 $4,161 $14,497 $7,057 $20,243
2020 $3,744 $12,677 $6,986 $19,164
2019 $4,468 $13,893 $7,606 $19,963
2018 $4,577 $13,727 $7,100 $18,876
2017 $4,555 $13,494 $6,413 $17,573
2016 $4,425 $13,438 $5,834 $16,671
2015 $4,685 $13,807 $5,689 $15,791
2014 $6,095 $14,694 $5,801 $15,365
2013 $5,980 $14,371 $6,018 $15,216
2012 $6,034 $14,441 $5,726 $14,617
2011 $5,916 $14,640 $5,374 $13,227
2010 $4,913 $14,201 $4,974 $12,932
2009 $4,235 $13,651 $4,135 $11,964
2008 $5,181 $13,666 $4,309 $12,062
2007 $4,167 $13,321 $3,919 $11,723
2006 $3,661 $12,791 $3,331 $10,912
2005 $3,233 $12,246 $2,868 $10,169
2004 $2,817 $11,432 $2,642 $9,545
2003 $2,284 $10,803 $2,348 $8,824
2002 $1,937 $10,080 $2,090 $8,148
2001 $1,896 $9,544 $1,890 $7,632
2000 $1,773 $9,187 $2,006 $7,289
1999 $1,596 $8,776 $2,033 $6,901
1998 $1,603 $8,503 $1,848 $6,590
1997 $1,629 $8,129 $2,473 $7,148
1996 $1,617 $8,053 $3,055 $7,322
1995 $1,467 $7,747 $2,864 $6,901
1994 $1,526 $7,463 $2,518 $6,341
1993 $1,831 $7,538 $2,245 $5,834
1992 $1,803 $7,705 $1,972 $5,347
1991 $1,759 $7,582 $1,766 $4,914
1990 $2,445 $7,602 $1,559 $4,451
1989 $2,247 - $1,342 -
1988 $2,451 - $1,164 -
1987 $2,847 - $970 -
1986 $2,800 - $842 -
1985 $2,633 - $774 -
1984 $2,524 - $847 -
1983 $2,374 - $827 -
1982 $2,275 - $770 -
1981 $2,307 - $748 -
1980 $2,276 - $709 -
1979 $1,843 - $612 -
1978 $1,506 - $548 -
1977 $1,232 - $462 -
1976 $1,080 - $405 -
1975 $992 - $364 -
1974 $873 - $343 -
1973 $590 - $278.3 -
1972 $469 - $215.6 -
1971 $360 - $199.7 -
1970 $353 - $197.1 -
1969 $316 - $191.4 -
1968 $292.4 - $178.8 -
1967 $261.8 - $170.7 -
1966 $241.4 - $164.5 -
1965 $253.6 - $140.9 -
1964 $238.9 - $128.6 -
1963 $225.6 - $120.7 -
1962 $169.6 - $116.2 -
1961 $209.4 - $109.7 -
1960 $238.4 - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/thailand | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Thailand ranks 85th at $24,712.

Economic indicators

Algeria Thailand
Gross domestic product
$269B
2024
$527B
2024
GDP rank
51/197
2024
31/197
2024
GDP growth
3.7%
2023-2024
2.54%
2023-2024
GDP per capita
$5,753
2024
$7,347
2024
GDP per capita rank
114/197
2024
100/197
2024
GDP per capita, PPP
$17,621
2024
$24,712
2024
GDP per capita PPP rank
105/197
2024
85/197
2024
Government debt
$129B
2024
$333B
2024
Debt-to-GDP ratio
48.1%
2024
63.2%
2024
Government debt per person
$2,765
2024
$4,643
2024
Government debt per person rank
106/185
2024
84/185
2024
Average annual personal income after taxes
$3,787
2026
$6,733
2026
Market capitalization of domestic companies
$371M
2018
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires
1
2025
25
2025
Income share by richest 10%
22.9%
2011
26.1%
2023
Income share by poorest 10%
4%
2011
3.4%
2023
Government expenditure, % of GDP
36.8%
2024
22.7%
2024
Consumer prices inflation
4.05%
2023-2024
1.37%
2023-2024
Central bank interest rate
3%
2020
1.5%
2025
Unemployment rate
12%
2017
0.78%
2024
Population
48222325
71571743

Spending and national debt comparison by year

Algeria
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Algeria Thailand
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 22.7% 63.2%
2023 37.4% 47.7% 22.8% 62.3%
2022 32.7% 48.1% 24.7% 60.5%
2021 32.5% 55.1% 26.8% 58.3%
2020 37.5% 46% 24.9% 49.4%
2019 37.1% 40.9% 20.6% 41.1%
2018 36.2% 34.5% 21.2% 41.9%
2017 36.2% 24% 21.5% 41.8%
2016 37.2% 18.1% 21.4% 41.7%
2015 40.9% 7.73% 22.3% 42.6%
2014 36.9% 6.85% 22.2% 43.3%
2013 33.5% 6.48% 21.6% 42.2%
2012 40% 8.58% 22.3% 41.9%
2011 37.7% 8.48% 21.1% 39.1%
2010 35.1% 9.51% 22% 39.8%
2009 40.1% 8.92% 21.7% 42.4%
2008 37.3% 7.64% 19.2% 34.9%
2007 33.1% 12.8% 20% 36%
2006 27.8% 22.5% 18.7% 39.2%
2005 27.8% 25.4% 19.6% 45.5%
2004 27.1% 32.7% 19.3% 46.3%
2003 27% 38.2% 18.3% 47.5%
2002 32.5% 47.3% 25.7% 54.9%
2001 29.1% 50% 20.8% 57.5%
2000 26.4% 53.4% 19.3% 57.8%
1999 29.4% 69.7% 26.5% 56.6%
1998 28.7% 79.9% 23.9% 49.9%
1997 28.5% 79.6% 21.6% 40.5%
1996 26.9% 90.7% 18% 15.2%
1995 28.9% 95.9% 17.2% 5.12%
1994 30.9% 106.3% 16% 6.69%
1993 32.6% 76.8% 18.8% 9.14%
1992 28.2% 69.3% 17.8% 11.4%
1991 27.6% 86.1% 17% 14.1%
1990 23.3% 63.6% 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/algeria/thailand | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 63.2% in Thailand, ranking 113/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Thailand
1x
Year Deficit/surplus, % of GDP
Algeria Thailand
2024 -13.8% -1.29%
2023 -5.52% -1.98%
2022 -2.96% -4.61%
2021 -6.32% -6.74%
2020 -10.5% -4.47%
2019 -8.51% 0.43%
2018 -6.15% 0.2%
2017 -7.55% -0.42%
2016 -11.8% 0.41%
2015 -13.9% 0.19%
2014 -7.14% -0.7%
2013 -0.79% 0.6%
2012 -4.04% -0.86%
2011 -1.06% 0.09%
2010 -1.35% -1.07%
2009 -6.53% -2.21%
2008 7.79% 0.8%
2007 4.63% 0.22%
2006 12.9% 1.87%
2005 11.4% 2.17%
2004 6.36% 1.11%
2003 7.22% 1.98%
2002 0.21% -6.72%
2001 3.15% -1.77%
2000 8.91% -1.79%
1999 -1.83% -9.02%
1998 -3.52% -6.29%
1997 2.19% -1.68%
1996 2.7% 2.75%
1995 -1.3% 3.05%
1994 -4.05% 2.78%
1993 -7.79% 6.67%
1992 -1.05% -0.18%
1991 1.53% 1.6%
1990 3.35% 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/algeria/thailand | CC BY

In 2024, Algeria's government deficit, the difference between spending and revenue, was $37.1B, equivalent to 13.8% of GDP. This compares to Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Thailand ran a deficit in 17 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 0.67% of GDP for Thailand.

Inflation comparison by year

Inflation
Algeria

Thailand
1x
Year Consumer prices inflation
Algeria Thailand
2024 4.05% 1.37%
2023 9.32% 8.48%
2022 9.27% -1.61%
2021 7.23% 1.23%
2020 2.42% -0.85%
2019 1.95% 0.71%
2018 4.27% 1.06%
2017 5.59% 0.67%
2016 6.4% 0.19%
2015 4.78% -0.9%
2014 2.92% 1.9%
2013 3.25% 2.18%
2012 8.89% 3.01%
2011 4.52% 3.81%
2010 3.91% 3.25%
2009 5.74% -0.85%
2008 4.86% 5.47%
2007 3.68% 2.24%
2006 2.31% 4.64%
2005 1.38% 4.54%
2004 3.96% 2.76%
2003 4.27% 1.8%
2002 1.42% 0.7%
2001 4.23% 1.63%
2000 0.34% 1.59%
1999 2.65% 0.28%
1998 4.95% 7.99%
1997 5.73% 5.63%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/thailand | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.25% in Thailand. In 2024, inflation was 4.05% in Algeria and 1.37% in Thailand.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $202M
Raw agricultural goods $1.56M
Wood & paper products $194K
Thailand
Export category Export value
Machinery & equipment $26.5M
Raw agricultural goods $16.4M
Wood & paper products $8.73M
Raw materials & minerals $7.7M
Processed food, beverages & tobacco $7.6M
Chemicals & pharma $3.32M
Textiles & consumer goods $2.57M
Metals $172K
Animal & marine products $33K
Miscellaneous $33K

Balance of trade

Algeria Thailand
Current account balance
-$2.75B
2024
$11.6B
2024
Current account balance ranking
154/190
2024
23/190
2024
Current account balance, % of GDP
-1.02%
2024
+2.21%
2024
Goods imports
$45.3B
2024
$276B
2024
Goods exports
$48.8B
2024
$297B
2024
Service imports
$9.13B
2024
$74B
2024
Service exports
$4.22B
2024
$71.9B
2024
Imports of goods and services, % of GDP
20.3%
2024
66.7%
2024
Exports of goods and services, % of GDP
19.9%
2024
70%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Algeria Thailand
Economic freedom 45.8 62.2
Economic freedom ranking 179/197 88/197
Property rights 27.7 41.8
Government integrity 29.4 38.9
Judicial effectiveness 30 35
Tax burden 80.3 80.8
Government spending 61.9 83.6
Fiscal health 15.4 81
Business freedom 59.3 69.9
Labor freedom 52.2 56.4
Monetary freedom 74.7 73.3
Trade freedom 58.8 70.2
Investment freedom 30 55
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Thailand
1x
Year Economic freedom index
Algeria Thailand
2026 45.8 62.2
2025 47.5 60.6
2024 43.9 59
2023 43.2 60.6
2022 45.8 63.2
2021 49.7 69.7
2020 46.9 69.4
2019 46.2 68.3
2018 44.7 67.1
2017 46.5 66.2
2016 50.1 63.9
2015 48.9 62.4
2014 50.8 63.3
2013 49.6 64.1
2012 51 64.9
2011 52.4 64.7
2010 56.9 64.1
2009 56.6 63
2008 56.2 62.3
2007 55.4 63.5
2006 55.7 63.3
2005 53.2 62.5
2004 58.1 63.7
2003 57.7 65.8
2002 61 69.1
2001 57.3 68.9
2000 56.8 66.6
1999 57.2 66.9
1998 55.8 67.3
1997 54.9 66.1
1996 54.5 71
1995 55.7 71.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/algeria/thailand | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Thailand
Services, % of GDP
46.8%
2024
59.2%
2024
Industry, % of GDP
36.2%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
8.71%
2024
GNI, Atlas method
$252B
2024
$509B
2024
GNI per capita, PPP
$17,290
2024
$23,960
2024
Total reserves including gold
$83B
2024
$237B
2024
Total reserves ranking
31/177
2024
15/177
2024
Net foreign direct investment
-$1.23B
2024
-$6.95B
2024
Net inflows of foreign direct investment
$1.23B
2024
$14.3B
2024
Net outflows of foreign direct investment
$265K
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
3.52%
2024
Poverty at national poverty lines
5.5%
2011
5.4%
2022
Gross capital formation, % of GDP
41.1%
2024
21.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/algeria/thailand | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2017–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.